FDA sets PDUFA date for Alexza's resubmission for Adasuve

8 July 2012

Following two earlier rejections, the US Food and Drug Administration has now accepted Alexza Pharmaceuticals (Nasdaq: ALXA) resubmitted Adasuve (Staccato loxapine). New Drug Application (NDA) as a complete, class 2 response to the FDA's action letter, with an indicated Prescription Drug User Fee Act (PDUFA) goal date of December 21, 2012 (The Pharma Letter May 2).

The company’s shares fell 9.8% to $4.26 after-hours trading last Thursday. On June 22, 2012, Alexza announced that it had resubmitted the Adasuve NDA, which seeks marketing approval for the acute treatment of agitation associated with schizophrenia or bipolar I disorder in adults.

Adasuve is Alexza's lead program, which is being developed for the acute treatment of agitation associated with schizophrenia or bipolar I disorder in adults. Alexza completed and announced positive results from both of its Phase II clinical trials and initially submitted the NDA in December 2009.

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